Again giving good volume breakout for tgt of 120 130 positional with Strict Sl 86
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ****** After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
With Alumina prices having shot up over the last week from 380 -> 465 and a few manufacturing facilities shutting down until the year end this bodes very well for Nalco. Technically the stock has a descending triangle breakout if it follows thru tomorrow. Long above 96.50. SL 91.50. Ideally looking for it to reach 112 and then 120.
For educational purpose only it's not a call. Do your own analysis. Trading in a channel. Given breakout of trendline. Bullish above 96.
ENTRY-90 TARGET-110 SL-80 Market Cap ₹ 17,154 Cr. Current Price ₹ 93.4 High / Low ₹ 102 / 29.1 Stock P/E 10.5 Book Value ₹ 58.1 Dividend Yield 3.75 % ROCE 12.8 % ROE 12.6 % Face Value ₹ 5.00
for educational purpose only.it's not a call.do your own analysis.
Disclaimer : This is just my view as I am learning how price action works only by watching this particular stock. NALCO has formed a Inside Bar Pattern on Daily Chart. This might indicate a big move above 91 or below 87.8 Since aluminum index is stable and is more in demand, I feel it’s a long from this support line of 89-90. Might expect a big move if the...
Nalco price action suggest reversal possible fresh buying is missing around current levels not able to manage the breakout of previous life high levels rsi and macd divergence,, good positional short candidate
Above is the nalco share analysis for next week which can also happen tomorrow so i m looking at and taking the neutral approach here because nalco is at very critical level so whats my game plan here their are 2 things i m looking at 1. if nalco take support at fib level which uh can see that nalco has hovering around this level so if nalco give the break of 97...
#national aluminum Has delivered 25%. Now need to watch. Of sustains the breakout out...then bigger targets will be achieved.!! #VR
It is breaking previous high as seen in chart. If closes above 96.9 then buy. with stop loss 73
Prices of aluminium soaring high with lot of scope still left over EV theme play where usage of aluminium increases by a larger extent Nalco being one of the largest producer and is on the verge of breakout Buy: CMP Target: 120--130--140---175---200 StopLoss: 90
NATIONALUM 1,long time down trend reversed 2, rising wedge pattern up side move 3. next target coming soon
in weekly time frame cup and handle pattern is forming wait for handle formation
We can go for long when it hits back 85. Meanwhile it's an opportunity for shorting.
Look fresh in range 90-96 for upside 120-140 med term with SL 70...!!!
Nalco looking good on charts. Long for approx 20rs movement
Suggested long trade @94 Touched first target @100 today 5.5% RETURBNS!!!! FOLLOW FOR MORE SUCH IDEAS!!